IN THE MATTER OF Stephen Taub - Settlement
(a) Between November 1998 and June 2003 (the "Material Time"), the Respondent engaged in conduct unbecoming contrary to Association By- law 29.1 in that he failed in his role as gatekeeper and facilitated certain trading activity for certain clients that, alone or in combination, was a possible indicator of conduct that was potentially illegal, manipulative, deceptive or an improper control block distribution. Pursuant to the Settlement Agreement, the Hearing Panel imposed the following penalty against the Respondent: (a) a permanent ban from receiving registration approval in any capacity with any Dealer Member of IIROC; and (b) a global fine in the sum of $50,000.00.
The Respondent also agrees to pay costs in the amount of
The IDA formally initiated the investigation into the Respondent's conduct in
The Hearing Panel has not yet issued its Reasons and Decision. The Settlement Agreement is available at www.iiroc.ca.
IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in
For further information: For further information: Alex Popovic, Vice President, Enforcement, (416) 943-6904, [email protected]; Jeff Kehoe, Director, Enforcement Litigation, (416) 943-6996, [email protected]
Share this article